PayWell 20 years Salary & Benefits Survey 2018 edition

Transcription

1 PayWell 20 years Salary & Benefits Survey 2018 edition

2 Dear HR Professional, We are pleased to invite you to the 20 th edition of our Salary & Benefits Survey - PayWell 2018! This document presents useful information about the survey: types of data analysed, content and structure of reports, as well as involvement required from participants. We are looking forward to working together with you in improving your remuneration practices! PayWell Team 2

3 About PayWell What is PayWell Salary & Benefits Survey? PayWell report provides specific information covering three areas: PayWell report is a tool created to assist HR professionals and decisionmakers to develop competitive HR policies that attract, motivate and retain talent & support the business strategy. 3

4 Report content: 1. Salary statistics by job and by grade Statistics reflecting market data on base pay and guaranteed pay (reflecting the application of social contribution transfer, whether included in base pay or in bonus payments), variable pay (target and paid out value), total pay and total rewards + benefits cost, deferred bonus, company car acquisition price and eligibility for variable pay and company car Customised analysis depending on geographical distribution (Bucharest, Banat Transilvania, Muntenia and Moldova), number of employees and company revenue 4

5 Report content: 2. Interactive report A tool which allows you to compare own data with market statistics of your choice (e.g. certain sector, region, company size). Client Name Sector Com pare by Filter Percentile Reward com ponents Position group Function Departm ent Job Region Level Market comparison Health Care Services Job Report Capital country of origin Selection < 100 employees 1 2 General HR General HR/ Personnel Assistant Banat & Transilvania Any 90th percentile Base Pay Variable Pay (Paid Out) Code Com parison Display ed individuals GEN-HR-G-9 PayWell Romania Period Currency Adjustm ent Monthly RON 0% Statistics options Your positions ID Job title Region Job grade Code Grade Benchmark Position title Func. Depart. Your employee Market 90th percentile Market Index Percentile Rank Your employee Market 90th percentile HR assistant Banat & Transilv ania 6 GEN-HR-G-9 7 HR/ Personnel Assistant HR G 9. Clerks/admins 4,000 4,600 87% 75% 4,000 3, % 75% HR assistant Banat & Transilv ania 6 GEN-HR-G-9 7 HR/ Personnel Assistant HR G 9. Clerks/admins 4,000 4,600 87% 75% 4,000 3, % 75% HR assistant Banat & Transilv ania 6 GEN-HR-G-9 7 HR/ Personnel Assistant HR G 9. Clerks/admins 4,000 4,600 87% 75% 4,000 3, % 75% HR assistant Banat & Transilv ania 6 GEN-HR-G-9 7 HR/ Personnel Assistant HR G 9. Clerks/admins 4,000 4,600 87% 75% 4,000 3, % 75% HR assistant Banat & Transilv ania 6 GEN-HR-G-9 7 HR/ Personnel Assistant HR G 9. Clerks/admins 4,000 4,600 87% 75% 4,000 3, % 75% Level Base Pay Comparison Variable Pay (Paid Out) Market Index Percentile Rank 5

6 Report content: 3. Customised peer report* On top of the statistics provided according to the selected package, the participants can receive a customised report. This report supports more accurate analysis based on the sample of companies selected by you. Customised reports 2017 *Available only for companies who acquire one of the PayWell report options (full/sectorial report). Please see details regarding reports & fees on slide 11. A minimum of 5 companies must be selected to create a Peer customised report, due to confidentiality reasons. The report will be generated by and we reserve the right to restrict access to a Peer customised report if data confidentiality is not ensured. 6

7 Report content: 4. Compensation & Benefits policies report Compensation policies: Salary review policies Pay for time worked & not worked Fixed and variable bonuses Employment relations Benefits policies: Details related to eligibility, cost / value and utilisation policy for: protection benefits (pension, insurance, medical services), social benefits (transportation, vouchers), perks (company car, mobile phone), wellbeing benefits (sport, kindergarten) Sector Middle Management Sales Staff Staff Financial Services 3.3% 3.3% Hotels 6.7% 6.7% Industry 7.5% 5.7% Pharmaceuticals 4.2% 4.4% Retail 4.5% 4.7% Overall Market 4.7% 4.5% 7

8 Report content: PayWell report is available through C&B Survey Platform* *access to C&B Platform is provided to participants and companies that acquire the report, through allocation of a user name and a password. 8

9 You involvement Participation in PayWell involves: Your role: Provision of information related to compensation & benefits policies Provision of detailed salary related information for each employee in your organisation (i.e. monthly salary, bonuses & value of benefits offered) Our support As participant in PayWell survey, you will be assigned a dedicated consultant, who will be available to assist you during data completion process. The Smart Salary Sheet was created as an.xlsm extension that provides new easy-touse fill in features, enabling clients to complete the required data in less time, including interactive suggestions in order to automate the job mapping process. New 9

10 Your involvement (activities & time) Timeframe & project phase Timeline Survey timeline February March April August September Participants enrolment Participants workshop Data collection Report delivery PayWell 20 Launch & Celebration Confirm participation of your company in PayWell survey by contacting us at ro.pwc.com Attend presentation session dedicated to job matching and explanation of data collection tools Complete PayWell data collection tools with the assistance of consultants Receive PayWell report based on your chosen package Support in reading and analysing data 10 minutes 2-3 hours 2-4 hours 10 minutes Stay tuned! Permanent assistance from your assigned consultant 10

11 Optional Benchmarking and Analysis Tools

12 Benchmarking and Analysis Tools Benefits Ranking Survey Benefits are an important reward element that can truly make the difference in employer brands. Traditionally, salary surveys focus on analyzing the most common benefits offered by employers, without analyzing their perceived value. Our Benefits Ranking Survey will close the loop by exploring the employees perspective on benefits. Key features: Open survey addressed to employees, no personal or company identifiable information is collected Easy and fast, available online on PC, laptop or smartphone Holiday vouchers Benefits ranking - by importance (% of participants) 56% 16% 12% 16% More than 30 benefits analysed, in terms of preference and utilization Life insurance Meal tickets 44% 33% 11% 34% 20% 3% 25% 30% under 30 years years Provides statistics for the overall market, as well as by profession, sector of current job, age, gender, family status etc. Work from home Christmas bonus Transport allowance 30% 27% 23% 9% 12% 3% 8% 7% 24% 37% 58% 62% years over 41 years 12

13 Benchmarking and Analysis Tools Base Pay Review Tool Either you have a base pay structure, but you need to adjust it to reflect organisational changes and market dynamics, or you intend to build a new one, the Base Pay Review tool will help you integrate information from job evaluation / grading and market data and test impact of salary increase scenarios. Key features: Allows input of your company information on job evaluation, grading and base pay ranges by grade Allows input of information from the market in a flexible manner (up to 3 sources different salary surveys, different samples etc.) Calculates market index (salaries in your company vs market) and base pay gap (actual salaries vs desired structure) and their distribution by position / grade Calculates financial impact based on either individual increase decisions or generic principles up to 3 scenarios. Total Rewards Total Pay Base Pay 5% 2% 7% 22% 22% 27% Budget to cover difference to target/ grade Grade Base Pay Total Pay Total Rewards 1 23,887 45,555 65, ,504 5,019 5, ,682 19,673 19, ,771 62,109 64, ,355 12,705 13, ,437 21,841 25,448 Total (monthly, RON) 145, , ,304 % of current salary budget increase in order to allign to market 9.3% 15.2% 18.1% Market index distribution (% of employees) 33% 42% 37% 34% 23% 28% 8% 9% 1% less than 70% 70%-90% 90%-110% 110%-130% more than 130% 13

14 Benchmarking and Analysis Tools HR Reporting Tool You need more and more complex HR data in order to make decisions related to people strategy or improve HR processes or simply to report to management. You do not have adequate software to process such analysis and generate reports quickly and accurately. Our HR Reporting Tool provides a large set of people and HR processes metrics in a presentable format. Key features: Allows you to input source data in a database format or to input information from other sources Calculates a large set of metrics* related to workforce structure and performance, as well as key HR process Allows input of targets for each metrics Allows integration of benchmarking data Generates reports with metrics value and comparisons against targets or market and comparison between multiple years, structures, staff categories etc. Investment in training & development program (EUR / employee) % 6.6% 15.8% 14.4% Human Capital Return on Investment Termination rate by staff category 20.0% 20.0% 19.6% 18.0% 1.44 *Metrics are developed based on our Saratoga methodology, therefore using the tool will make participation in our survey very easy. Management Specialists Admin Workers

15 Let s talk! paywell.romania@ro.pwc.com This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PricewaterhouseCoopers Tax Advisors and Accountants, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it PricewaterhouseCoopers Tax Advisors and Accountants. All rights reserved. In this document, refers to PricewaterhouseCoopers Tax Advisors and Accountants which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity. 15